I don't know what's going to happen this week in Europe, but I know one thing - tensions are high!! When tensions are high, investors get spooked. When investors get spooked, they get out of the S and P and put their money into Gold. Right now Gold is up and the S and P is down.
I got into a Sell Order at 4340 and we shall see what happens this week. I think it could test 4300 for sure, but I'm moreso thinking 4200. Next month I'm looking at below 4000 once the Fed decides if they will boost rates up a quarter point as everyone is expecting....or half a point which is when the S and P should fall nicely :-)
I will keep you updated as the week progresses.
HEIKO
I got into a Sell Order at 4340 and we shall see what happens this week. I think it could test 4300 for sure, but I'm moreso thinking 4200. Next month I'm looking at below 4000 once the Fed decides if they will boost rates up a quarter point as everyone is expecting....or half a point which is when the S and P should fall nicely :-)
I will keep you updated as the week progresses.
HEIKO